09 November 2012 23:59 [Source: ICIS news]
The contracts were concluded on a free delivered (FD) northwest Europe (NWE) basis.
Contract prices were concluded at rollovers and minor decreases. One reseller had said it would seek modest hikes.
Price movement did not exceed €10/tonne for any of the monthly accounts that were discussed.
ICIS introduced a monthly contract price assessment in March 2012. Substantial quantities of acetic acid continue to be sold on quarterly contracts.
No changes were heard on the spot market this week, and prices for truck delivery were assessed stable at €500-520/tonne FD NWE.
Spot prices for bulk cargoes continued to be heard in the mid-€400s/tonne FD NWE.
($1 = €0.78)
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